Hugh Hefner sells his personal home next to the Playboy mansion

Update:Hugh Hefnerand his wife, Kimberley, have sold their personal residence, next to the Playboy mansion in Holmby Hills, for $18 million. It had been listed since early March at $27,995,000.

The 7,300-square-foot English Manor-style house, built in 1929, has five bedrooms and seven bathrooms. The two-story home sits behind private gates on 2.3 flat acres that back up to the Los Angeles Country Club.

Rooms include a formal living room, dining room, library, his-and-her powder rooms and a media room with a film projector and built-in screen that drops from the ceiling. There are hand-painted walls, maple paneling, leaded-glass windows and a hand-carved staircase. The master suite overlooks garden and grounds, which include a swimming pool.

The home was designed by Arthur R. Kelly for the sister of Arthur Letts Jr., the original owner of the Playboy mansion. The Hefners bought the property in 1996 for an undisclosed sum. It had been listed then at $17.25 million.

Hugh Hefner, 83, is the founder of Playboy Enterprises. Kimberley Hefner, 46, was Playboy's Playmate of the Month in January 1988 and was Playmate of the Year in 1989.